Jin10 Data reported on September 2nd that on September 1st local time, the Brazilian Coffee Exporters Association announced data showing that due to the 50% tariff imposed by the U.S. government on Brazilian products, Brazil's coffee exports to the U.S. in August decreased by 55.24% compared to the same period last year. According to the data, in July this year, Brazil exported 450,000 bags of coffee to the U.S. After the U.S. tariff policy took effect in early August, this export volume dropped to around 250,000 bags. The association pointed out that the coffee consumption demand in the U.S. market has not weakened, and the "tariff shock" will ultimately harm the interests of American consumers due to inflation effects.
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Affected by tariffs, Brazil's coffee exports to the US in August fell by 55% year-on-year.
Jin10 Data reported on September 2nd that on September 1st local time, the Brazilian Coffee Exporters Association announced data showing that due to the 50% tariff imposed by the U.S. government on Brazilian products, Brazil's coffee exports to the U.S. in August decreased by 55.24% compared to the same period last year. According to the data, in July this year, Brazil exported 450,000 bags of coffee to the U.S. After the U.S. tariff policy took effect in early August, this export volume dropped to around 250,000 bags. The association pointed out that the coffee consumption demand in the U.S. market has not weakened, and the "tariff shock" will ultimately harm the interests of American consumers due to inflation effects.